Description
Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is under 31% and Cap rate is at 6% Cash on Cash is 6%. Property Taxes are $249,980.(based on 2021 evaluations) CAM is currently at $95,628.00. Years built range from 2007-2014. Lease type: NNN The NNN will be update when numbers become available.
-
0BEDS
-
10.86ACRES
-
0BATHS
-
01/2 BATHS
-
59,902SQFT
-
$199$/SQFT
School Information
Description
Penn Landing is for sale. For the Qualified Buyer, there is additional information available. Long term tenant leases in place. The commercial complex has two condominium regimes in place. There are 6 separate Buildings, 35 Condo Suites, Parcel Numbers are 0612156005-56041. Operating Expense Ratio is under 31% and Cap rate is at 6% Cash on Cash is 6%. Property Taxes are $249,980.(based on 2021 evaluations) CAM is currently at $95,628.00. Years built range from 2007-2014. Lease type: NNN The NNN will be update when numbers become available.
© 2023 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team | Skogman Realty. Data last updated: 2023-02-05T00:25:41.14